based Mobile Telecommunications Company (Zain Group) recorded an impressive 17 percent increase in net income in the first half of this year to KWD 140.2 million ($506.5 million) against the same period last year. The group's consolidated revenues hit KWD 659.4 million ($2.381 billion), a 2 percent increase over the same period last year. The company's consolidated EBITDA reached KWD 293.1 million ($1.058 billion) up 6 percent on H1-2010, reflecting an EBITDA margin of 44 percent (up one percentage point) with EBIT of KWD210 million ($758.3 million), a 6 percent increase over H1-2010. The earnings per share reached 36 fils ($0.13). Chairman of the Board of Directors of Zain, Asaad Al Banwan, said “despite intense competition across all our operations, the continual growth in all key financial indicators justify the many prudent decisions recently adopted by the Board and the executive management.”
